Example ContractsClausesCash Severance
Cash Severance
Cash Severance contract clause examples

Cash Severance. A lump sum cash severance payment equal to the sum of:

Cash Severance. The Company will pay you, as cash severance, nine (9) months of your base salary in effect as of your Separation from Service date, less standard payroll deductions and tax withholdings; provided, however, in the event of a Qualifying Termination that occurs either within a month before or within twelve (12) months following the closing of a Change in Control (as defined below), the Company will instead pay you, as cash severance, twelve (12) months of your base salary and 100% of your target Annual Bonus in effect as of your Separation from Service date, less standard payroll deductions and tax withholdings (either such amount, the “Severance”). The Severance will be paid in installments in the form of continuation of your base salary payments and prorated amounts for your target Annual Bonus payments, if applicable, paid on the Company’s ordinary payroll dates, commencing on the Company’s first regular payroll date that is more than sixty (60) days following your Separation from Service date, and the first payment shall include any amount that would have been paid had the cash severance payments commenced on the Separation from Service Date.

Cash Severance. The Company shall pay the Executive an amount equal to 0.75 multiplied by the Base Salary (the “Severance”). The Severance shall be paid in substantially equal installments in accordance with the Company’s normal payroll practices following the Date of Termination, but shall commence on the first payroll date following the effective date of the Release (as defined below) (the “Release Effective Date”), and amounts otherwise payable prior to such first payroll date shall be paid on such date without interest thereon.

Cash Severance. An amount equal to the sum of # the product of # the Participant’s CIC Severance Multiplier multiplied by # the Participant’s Base Salary, # any annual bonus that has been earned for the Company’s prior fiscal year, but not yet paid, and # the product of # the Participant’s CIC Bonus Multiplier multiplied by # the Participant’s target annual cash bonus (assuming achievement of performance goals at 100% of target) for the fiscal year in which the Covered Termination occurs; provided that in clauses (i) and (iii), such amounts shall be calculated at the rate equal to the higher of # the rate in effect immediately prior to the Participant’s Covered Termination and # the rate in effect immediately prior to the Change in Control. The foregoing amounts shall be payable in a cash lump-sum, less applicable withholdings, as soon as administratively practicable following the date the Release becomes effective and in any event, within 60 days following the date of the Covered Termination.

Cash Severance. The Company will pay you, as severance, $990,522, which is the equivalent of eighteen (18) months of your base salary in effect as of the Retirement Date and 1.5 times the amount of your target annual bonus (the “Severance Payment”). The Severance Payment will be paid in a lump sum, subject to standard payroll deductions and withholdings, within five (5) business days after the earlier of: # the first business day that is six (6) months following the Retirement Date; or # your death.

Cash Severance. Subject to Sections 4.1, 4.5, 4.6 and 6 hereof, each Eligible Employee who incurs a Severance Event shall be entitled to # a payment equal to the product of the Eligible Employee’s Severance Multiplier times the sum of # the Eligible Employee’s Base Salary and # the Eligible Employee’s Target Annual Bonus, and # a payment equal to the Eligible Employee’s Pro Rata Annual Bonus.

Cash Severance. The Company will pay you a lump sum cash payment in an amount equal to twelve (12) months of your base salary rate in effect as of the Separation Date (in the total amount of $375,000), subject to applicable deductions and withholdings. If owed, this severance payment will be paid to you on June 30, 2022, provided that the Consultant End Date Release has become effective by such date.

Cash Severance. An amount equal to the sum of # the product of # the Participant’s Severance Multiplier multiplied by # the Participant’s Base Salary, and # any annual bonus that has been earned for the Company’s prior fiscal year, but not yet paid. The foregoing amounts shall be payable in a cash lump-sum, less applicable withholding, to be paid as soon as administratively practicable following the date the Release (defined below) is not subject to revocation and, in any event, within 60 days following the date of the Covered Termination.

Cash Severance. The Company will pay you salary continuation as if you remained employed through April 30, 2020, at your base salary in effect as of the Separation Date, subject to standard payroll deductions and withholdings (“Early Termination Severance Pay”). Your Early Termination Severance Pay will be paid in the form of salary continuation payments. The salary continuation payments will be paid in equal installments on the Company’s regular payroll schedule and will be subject to applicable tax withholdings over the period beginning on the Separation Date and ending on April 30, 2020; provided, however, that no payments will be paid prior to the 30th day following the Separation Date. On the 30th day following your Separation Date, the Company will pay you in a lump sum the salary continuation payments that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 30th day in compliance with Section 409A of the Code and the effectiveness of the release, with the balance of the salary continuation payments being paid as originally scheduled.

Cash Severance. A lump sum cash severance payment equal to the sum of:

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